Mumbai: Maharashtra’s economic landscape continues to be dominated by its three major urban centres, Mumbai, Pune, and Nagpur, which together contribute 50.35% of the state’s total GDP for the fiscal year 2024-25, according to recent estimates.
The data reveals that the top 15 cities of Maharashtra account for a combined 67.98% of the state’s GDP, with the top three cities alone generating more than half of the total. Cities ranked 4th to 15th contribute 17.63%, underscoring the state’s high economic concentration in its key metros.
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07 Oct 2025
Top performers
Mumbai retains its undisputed position as the state’s financial capital with a GDP of USD 186.34 billion, representing 35.19% of Maharashtra’s GDP. The city’s compact area of 1,669 sq km and population density of over 12,600 per sq km highlight its economic intensity.
Pune follows with a GDP of USD 55.77 billion (10.53%), driven by its thriving IT, manufacturing, and education sectors.
Nagpur ranks third with USD 24.5 billion (4.63%), maintaining its place as the key commercial hub of Vidarbha.
Emerging growth centres
Among other high-performing cities, Nashik, Chhatrapati Sambhajinagar (formerly Aurangabad), and Kolhapur each have GDPs exceeding USD 10 billion, showcasing balanced regional growth beyond the Mumbai-Pune-Nagpur triangle.
Notably, Kolhapur and Nashik districts each feature two cities within the top 15 list, indicating diversified industrial and agricultural development.
GDP rankings (2024-25)
Rank
City
GDP (USD Billion)
Share of State GDP
Area (Sq Km)
Population (Lakh, 2011)
Density (Per Sq Km)
1
Mumbai
186.34
35.19%
1,669
210.66
12,622
2
Pune
55.77
10.53%
718
53.89
7,505
3
Nagpur
24.50
4.63%
313
27.07
8,649
4
Nashik
14.99
2.83%
404
16.26
4,025
5
Chhatrapati Sambhajinagar
11.43
2.16%
217
13.72
6,323
6
Solapur
11.02
2.08%
191
9.52
4,984
7
Kolhapur
10.63
2.01%
242
7.45
3,079
8
Sangli
7.86
1.48%
141
5.29
3,752
9
Ahilya Nagar
6.84
1.29%
131
4.28
3,267
10
Malegaon
6.15
1.16%
101
6.42
6,356
11
Ichalkaranji
5.59
1.06%
58
3.95
6,810
12
Nanded Waghala
5.45
1.03%
67
5.72
8,537
13
Amravati
4.88
0.92%
130
6.47
4,977
14
Latur
4.33
0.82%
30
3.97
13,233
15
Dhule
4.16
0.79%
66
4.13
6,258
Economic insights
Experts suggest that the concentration of economic output in just a few cities highlights the need for balanced regional development and industrial decentralization. While Mumbai and Pune remain powerhouses, the rise of Nashik, Kolhapur, and Aurangabad indicates growing potential in Tier-2 cities.
